DORSETT HOSPITALITY INTERNATIONAL LTD Hong Kong Exchanges and Clearing Limited and The Stock Exchange of Hong Kong Limited take no responsibility for the contents of this announcement, make no representation as to its accuracy or completeness and expressly disclaim any liability whatsoever for any loss howsoever arising from or in reliance upon the whole or any part of the contents of this announcement.
(Incorporated in the Cayman Islands with limited liability) Website : http://www.dorsett.com
(Stock Code: 2266) CHANGE IN DIRECTOR'S INFORMATION
This announcement is made by Dorsett Hospitality International Limited (the "Company") pursuant to Rule 13.51B(2) of the Rules Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited (the "Listing Rules").
The board of directors of the Company (the "Board") has been notified by Mr. Abraham SHEK, Lai Him ("Mr. Shek"), an independent non-executive director of the Company, who was an independent non-executive director and an audit committee member of Titan Petrochemicals Group Limited ("Titan"), a company incorporated in Bermuda and listed on the Main Board of The Stock Exchange of Hong Kong Limited (Stock Code: 1192), until 26 February 2014 that an announcement was published by Titan on 6 November 2014 (the "Titan Announcement"). According to the Titan Announcement: (i) the Supreme Court of Bermuda ("Bermuda Court") sanctioned a proposed scheme of arrangement (the "Scheme") between Titan and its scheme creditors on 5 November 2014; and (ii) the Scheme became effective and binding on the scheme creditors upon a copy of the order of the Bermuda Court being delivered to the Bermuda Registrar of Companies in accordance with section 99 of the Companies Act 1981 of Bermuda on 5 November
2014. The terms of the Scheme are set out in Titan's announcement dated 25
November 2013.
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According to Titan's Interim Report 2014 published on 22 September 2014: Titan and its subsidiaries (i) "have been a provider of logistics, transportation, distribution and marine services for petrochemical products in the Asia Pacific region and, in particular, in China"; and (ii) "have developed and provided management services for a multi-functional ship repair and shipbuilding yard which is one of the largest of its kind in Asia". Further information regarding Titan's business, including Titan's continuing operations and discontinued operation, is set out on pages 3 and 4 in Titan's Interim Report 2014.
The Board has no information on the abovementioned matter other than the information set out above and in the Titan Announcement and other relevant announcements, circulars and public documents published by Titan. The Company will make further announcements as and when appropriate pursuant to the requirements under the Listing Rules.
Hong Kong, 18 November 2014
By Order of the Board
President and Executive Director
As at the date of this announcement, the executive Directors of the Company are Ms. CHIU, Wing Kwan Winnie and Mr. LAI, Wai Keung. The non-executive Directors of the Company are Tan Sri Dato' CHIU, David, Mr. HOONG, Cheong Thard and Mr. CHAN, Chi Hing. The independent non-executive Directors of the Company are Mr. SHEK, Lai Him Abraham, G.B.S., J.P., Mr. TO, Peter, Dr. LIU, Ngai Wing and Mr. ANGELINI, Giovanni.
This announcement was originally prepared in English and was subsequently translated into Chinese. In the event of any inconsistency between the two texts, the English text of this announcement shall prevail over the Chinese text.
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